EX-99.1 33 gs065s12.htm
GSAMP Trust 2006-S5
Mortgage Backed Floating Rate Notes
December 26, 2006 Distribution
External Parties Table of Contents
Page
Seller
Goldman Sachs Mortgage Securities 1. Certificate Payment Report 2
2. Collection Account Report 4
Servicer(s) 3. Credit Enhancement Report 6
Ocwen Loan Servicing LLC 4. Collateral Report 7
5. Delinquency Report 10
Underwriter(s) 6. REO Report 12
Goldman Sachs & Co. 7. Foreclosure Report 13
8. Prepayment Report 14
Cap Provider 9. Prepayment Detail Report 17
Goldman Sachs Mortgage Securities 10. Realized Loss Report 20
11. Realized Loss Detail Report 23
12. Triggers and Adj. Cert. Report 24
13. Additional Certificate Report 25
14. Other Related Information 26
Total Number of Pages 26
Dates Contacts
Cut-Off Date: August 01, 2006 Cindy Lai
Close Date: August 18, 2006 Administrator
First Distribution Date: September 25, 2006 (714) 247-6251
Cindy.lai@db.com
Address:
Distribution Date: December 26, 2006
1761 E St. Andrew Place, Santa Ana, CA 92705
Record Date: November 30, 2006
Factor Information: (800) 735-7777
December 22, 2006 Main Phone Number: (714) 247-6000
Determination Date: December 13, 2006
https://www.tss.db.com/invr
Page 1 of 26
GSAMP Trust 2006-S5
Mortgage Backed Floating Rate Notes
December 26, 2006 Distribution
Certificate Payment Report
Current Period Distribution - REMIC II
Prior Current
Class Original Principal Total Realized Deferred Principal
Class Type Cur Face Value Balance Interest Principal Distribution Loss Interest Balance
(1) (2) (3) (4)=(2)+(3) (5) (6) (7)=(1)-(3)-(5)+(6)
A-1 SR $ 164,416,000.00 136,252,102.07 593,794.23 7,380,889.13 7,974,683.36 0.00 0.00 128,871,212.94
A-2 SR $ 67,155,000.00 67,155,000.00 306,081.30 0.00 306,081.30 0.00 0.00 67,155,000.00
M-1 SUB $ 27,789,000.00 27,789,000.00 126,926.26 0.00 126,926.26 0.00 0.00 27,789,000.00
M-2 SUB $ 8,601,000.00 8,601,000.00 39,492.93 0.00 39,492.93 0.00 0.00 8,601,000.00
M-3 SUB $ 15,879,000.00 15,879,000.00 75,725.19 0.00 75,725.19 0.00 0.00 15,879,000.00
M-4 SUB $ 7,609,000.00 7,609,000.00 36,715.54 0.00 36,715.54 0.00 0.00 7,609,000.00
M-5 SUB $ 8,436,000.00 8,436,000.00 52,640.64 0.00 52,640.64 0.00 0.00 8,436,000.00
M-6 SUB $ 7,278,000.00 7,278,000.00 45,487.50 0.00 45,487.50 0.00 0.00 7,278,000.00
M-7 SUB $ 4,962,000.00 4,962,000.00 31,257.84 0.00 31,257.84 0.00 0.00 4,962,000.00
B-1 NOF/SUB $ 6,451,000.00 6,451,000.00 37,630.83 0.00 37,630.83 0.00 0.00 6,451,000.00
B-2 NOF/SUB $ 5,624,000.00 5,624,000.00 32,806.67 0.00 32,806.67 0.00 0.00 5,624,000.00
X NOF $ 6,616,621.93 9,887,338.02 0.00 0.00 0.00 253,066.23 0.00 9,634,271.79
X-1 NOF $ 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
P NOF $ 0.00 0.00 56,613.17 0.00 56,613.17 0.00 0.00 0.00
R RES $ 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total 330,816,621.93 305,923,440.09 1,435,172.10 7,380,889.13 8,816,061.23 253,066.23 0.00 298,289,484.73
Interest Accrual Detail Current Period Factor Information per $1,000 of Original Face-
Orig. Principal Prior Current
Period Period (with Notional) Principal Total Principal
Class Starting Ending Method Cusip Balance Balance Interest Principal Distribution Balance
(1) (1) (2) (3) (4)=(2)+(3) (5)
A-1 11/27/06 12/25/06 A-Act/360 36244WAA7 164,416,000.00 828.703423 3.611536 44.891550 48.503086 783.811873
A-2 11/27/06 12/25/06 F-Act/360 36244WAB5 67,155,000.00 1,000.000000 4.557833 0.000000 4.557833 1,000.000000
M-1 11/27/06 12/25/06 A-Act/360 36244WAC3 27,789,000.00 1,000.000000 4.567500 0.000000 4.567500 1,000.000000
M-2 11/27/06 12/25/06 A-Act/360 36244WAD1 8,601,000.00 1,000.000000 4.591667 0.000000 4.591667 1,000.000000
M-3 11/27/06 12/25/06 A-Act/360 36244WAE9 15,879,000.00 1,000.000000 4.768889 0.000000 4.768889 1,000.000000
M-4 11/27/06 12/25/06 A-Act/360 36244WAF6 7,609,000.00 1,000.000000 4.825278 0.000000 4.825278 1,000.000000
M-5 11/01/06 11/30/06 F-30/360 36244WAG4 8,436,000.00 1,000.000000 6.240000 0.000000 6.240000 1,000.000000
M-6 11/01/06 11/30/06 F-30/360 36244WAH2 7,278,000.00 1,000.000000 6.250000 0.000000 6.250000 1,000.000000
M-7 11/27/06 12/25/06 A-Act/360 36244WAJ8 4,962,000.00 1,000.000000 6.299444 0.000000 6.299444 1,000.000000
B-1 11/01/06 11/30/06 F-30/360 36244WAK5 6,451,000.00 1,000.000000 5.833333 0.000000 5.833333 1,000.000000
B-2 11/01/06 11/30/06 F-30/360 36244WAL3 5,624,000.00 1,000.000000 5.833334 0.000000 5.833334 1,000.000000
X 36244WAM1 6,616,621.93 1,494.318116 0.000000 0.000000 0.000000 1,456.071073
X-1 36244WAN9 0.00 0.000000 0.000000 0.000000 0.000000 0.000000
P 36244WAP4 0.00 0.000000 0.000000 0.000000 0.000000 0.000000
R 11/01/06 11/30/06 A-30/360 36244WAQ2 0.00 0.000000 0.000000 0.000000 0.000000 0.000000
Page 2 of 26
GSAMP Trust 2006-S5
Mortgage Backed Floating Rate Notes
December 26, 2006 Distribution
Distribution to Date - REMIC II
Current
Original Unscheduled Scheduled Total Total Realized Deferred Principal
Class Face Value Interest Principal Principal Principal Distribution Loss Interest Balance
(1) (2) (3) (4) (5)=(3)+(4) (6)=(2)+(5) (7) (8) (9)=(1)-(5)-(7)+(8)
A-1 164,416,000.00 2,966,968.77 34,948,115.28 596,671.78 35,544,787.06 38,511,755.83 0.00 0.00 128,871,212.94
A-2 67,155,000.00 1,350,979.53 0.00 0.00 0.00 1,350,979.53 0.00 0.00 67,155,000.00
M-1 27,789,000.00 569,504.68 0.00 0.00 0.00 569,504.68 0.00 0.00 27,789,000.00
M-2 8,601,000.00 177,199.73 0.00 0.00 0.00 177,199.73 0.00 0.00 8,601,000.00
M-3 15,879,000.00 339,757.68 0.00 0.00 0.00 339,757.68 0.00 0.00 15,879,000.00
M-4 7,609,000.00 164,730.62 0.00 0.00 0.00 164,730.62 0.00 0.00 7,609,000.00
M-5 8,436,000.00 210,562.56 0.00 0.00 0.00 210,562.56 0.00 0.00 8,436,000.00
M-6 7,278,000.00 181,950.00 0.00 0.00 0.00 181,950.00 0.00 0.00 7,278,000.00
M-7 4,962,000.00 140,215.09 0.00 0.00 0.00 140,215.09 0.00 0.00 4,962,000.00
B-1 6,451,000.00 150,523.32 0.00 0.00 0.00 150,523.32 0.00 0.00 6,451,000.00
B-2 5,624,000.00 131,226.68 0.00 0.00 0.00 131,226.68 0.00 0.00 5,624,000.00
X 6,616,621.93 0.00 0.00 0.00 0.00 0.00 253,066.23 3,270,716.09 9,634,271.79
X-1 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
P 0.00 223,489.89 0.00 0.00 0.00 223,489.89 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total 330,816,621.93 6,607,108.55 34,948,115.28 596,671.78 35,544,787.06 42,151,895.61 253,066.23 3,270,716.09 298,289,484.73
Interest Detail - REMIC II
Pass Prior Principal Non- Prior Unscheduled Paid or Current
Through (with Notional) Accrued Supported Unpaid Interest Optimal Deferred Unpaid
Class Rate Balance Interest Interest SF Interest Adjustment Interest Interest Interest
(1) (2) (3) (4) (5)=(1)-(2)+(3)+(4) (6) (7)=(5)-(6)
A-1 5.41000% 136,252,102.07 593,794.23 0.00 0.00 0.00 593,794.23 593,794.23 0.00
A-2 5.65800% 67,155,000.00 306,081.30 0.00 0.00 0.00 306,081.30 306,081.30 0.00
M-1 5.67000% 27,789,000.00 126,926.26 0.00 0.00 0.00 126,926.26 126,926.26 0.00
M-2 5.70000% 8,601,000.00 39,492.93 0.00 0.00 0.00 39,492.93 39,492.93 0.00
M-3 5.92000% 15,879,000.00 75,725.19 0.00 0.00 0.00 75,725.19 75,725.19 0.00
M-4 5.99000% 7,609,000.00 36,715.54 0.00 0.00 0.00 36,715.54 36,715.54 0.00
M-5 7.48800% 8,436,000.00 52,640.64 0.00 0.00 0.00 52,640.64 52,640.64 0.00
M-6 7.50000% 7,278,000.00 45,487.50 0.00 0.00 0.00 45,487.50 45,487.50 0.00
M-7 7.82000% 4,962,000.00 31,257.84 0.00 0.00 0.00 31,257.84 31,257.84 0.00
B-1 7.00000% 6,451,000.00 37,630.83 0.00 0.00 0.00 37,630.83 37,630.83 0.00
B-2 7.00000% 5,624,000.00 32,806.67 0.00 0.00 0.00 32,806.67 32,806.67 0.00
X 0.00000% 9,887,338.02 0.00 0.00 0.00 0.00 0.00 0.00 0.00
X-1 0.00000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
P 0.00000% 0.00 0.00 0.00 0.00 0.00 0.00 56,613.17 0.00
R 0.00000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total 305,923,440.09 1,378,558.93 0.00 0.00 0.00 1,378,558.93 1,435,172.10 0.00
Page 3 of 26
GSAMP Trust 2006-S5
Mortgage Backed Floating Rate Notes
December 26, 2006 Distribution
Collection Account Report
SUMMARY
Total
Principal Collections 6,217,488.09
Principal Withrawals 0.00
Principal Other Accounts 0.00
TOTAL NET PRINCIPAL 6,217,488.09
Interest Collections 2,556,570.34
Interest Withdrawals -4,383.50
Interest Other Accounts 56,613.17
Interest Fees -10,226.87
TOTAL NET INTEREST 2,598,573.14
TOTAL AVAILABLE FUNDS FOR DISTRIBUTION 8,816,061.23
PRINCIPAL - COLLECTIONS
Total
Scheduled Principal Received 134,104.61
Prepayments In Full 6,050,747.34
Curtailments 32,636.14
Liquidations 1,416,467.27
Insurance Principal 0.00
Repurchased Principal Amounts 0.00
Other Principal 0.00
Principal Realized Loss -1,416,467.27
Delinquent Principal -120,663.05
Advanced Principal 120,663.05
TOTAL PRINCIPAL COLLECTED 6,217,488.09
PRINCIPAL - WITHDRAWALS
SPACE INTENTIONALLY LEFT BLANK
PRINCIPAL - OTHER ACCOUNTS
Total
TOTAL OTHER ACCOUNTS PRINCIPAL 0.00
Page 4 of 26
GSAMP Trust 2006-S5
Mortgage Backed Floating Rate Notes
December 26, 2006 Distribution
INTEREST - COLLECTIONS
Total
Scheduled Interest 2,750,071.73
Liquidation Interest 5,766.83
Repurchased Interest 0.00
Insurance Interest 0.00
Other Interest 0.00
Relief Act Interest Shortfalls -0.00
Prepayment Interest Shortfalls -6,239.43
Compensating Interest 6,239.43
Delinquent Interest -2,450,984.46
Interest Loss -85,304.88
Interest Advanced 2,337,021.12
TOTAL INTEREST COLLECTED 2,556,570.34
INTEREST - WITHDRAWALS
Total
Legal Expenses 4,383.50
Nonrecoverable Advances 0.00
Servicer Expenses 0.00
TOTAL INTEREST WITHDRAWALS 4,383.50
INTEREST - OTHER ACCOUNTS
Total
Prepayment Charges 56,613.17
Cap Payment 0.00
TOTAL INTEREST OTHER ACCOUNTS 56,613.17
INTEREST FEES
Total
Current Servicing Fees 8,187.38
Current Trustee Fees 2,039.49
TOTAL INTEREST OTHER FEES 10,226.87
Page 5 of 26
GSAMP Trust 2006-S5
Mortgage Backed Floating Rate Notes
December 26, 2006 Distribution
Credit Enhancement Report
ACCOUNTS
Excess Reserve Account
Beginning Account Balance 0.00
Account Deposit 0.00
Account Payment Due 0.00
Account Withdrawal 0.00
Ending Account Balance 0.00
INSURANCE
SPACE INTENTIONALLY LEFT BLANK
STRUCTURAL FEATURES
Total
Overcollateralization Amount 9,634,271.79
Specified Overcollateralized Amount 20,345,222.25
Overcollateralization Deficiency Amount 10,710,950.46
Overcollateralization Release Amount 0.00
Total Monthly Excess Spread 1,163,401.04
Page 6 of 26
GSAMP Trust 2006-S5
Mortgage Backed Floating Rate Notes
December 26, 2006 Distribution
Collateral Report
COLLATERAL
Total
Loan Count:
Original 5,205
Prior 4,832
Prefunding 0
Scheduled Paid Offs -0
Full Voluntary Prepayments -98
Repurchases -0
Liquidations -14
Current 4,720
Principal Balance:
Original 330,816,621.93
Prior 305,923,440.09
Prefunding 0.00
Scheduled Principal -134,104.61
Partial Prepayments -32,636.14
Full Voluntary Prepayments -6,050,747.34
Repurchases -0.00
Liquidations -1,416,467.27
Current 298,289,484.73
PREFUNDING
SPACE INTENTIONALLY LEFT BLANK
Page 7 of 26
GSAMP Trust 2006-S5
Mortgage Backed Floating Rate Notes
December 26, 2006 Distribution
CHARACTERISTICS
Total
Weighted Average Coupon Original 10.71963%
Weighted Average Coupon Prior 10.50207%
Weighted Average Coupon Current 10.76431%
Weighted Average Months to Maturity Original 301
Weighted Average Months to Maturity Prior 299
Weighted Average Months to Maturity Current 298
Weighted Avg Remaining Amortization Term Original 348
Weighted Avg Remaining Amortization Term Prior 346
Weighted Avg Remaining Amortization Term Current 346
Weighted Average Seasoning Original 6.25
Weighted Average Seasoning Prior 8.24
Weighted Average Seasoning Current 9.24
Page 8 of 26
GSAMP Trust 2006-S5
Mortgage Backed Floating Rate Notes
December 26, 2006 Distribution
ARM CHARACTERISTICS
Total
Weighted Average Margin Original 8.49900%
Weighted Average Margin Prior 8.49900%
Weighted Average Margin Current 8.49900%
Weighted Average Max Rate Original 16.49900%
Weighted Average Max Rate Prior 16.49900%
Weighted Average Max Rate Current 16.49900%
Weighted Average Min Rate Original 9.49900%
Weighted Average Min Rate Prior 9.49900%
Weighted Average Min Rate Current 9.49900%
Weighted Average Cap Up Original 1.50000%
Weighted Average Cap Up Prior 1.50000%
Weighted Average Cap Up Current 1.50000%
Weighted Average Cap Down Original 1.50000%
Weighted Average Cap Down Prior 1.50000%
Weighted Average Cap Down Current 1.50000%
SERVICING FEES & ADVANCES
Total
Current Servicing Fees 8,187.38
Delinquent Servicing Fees 113,963.33
TOTAL SERVICING FEES 127,468.10
Compensating Interest -6,239.43
Delinquent Servicing Fees -113,963.33
COLLECTED SERVICING FEES 7,265.34
Total Advanced Interest 2,337,021.12
Total Advanced Principal 120,663.05
Aggregate Advances with respect to this Distribution 2,457,684.17
ADDITIONAL COLLATERAL INFORMATION
Total
Prepayment Interest Shortfall (PPIS) 6,239.43
Compensating Interest (6,239.43)
Net Prepayment Interest Shortfall (PPIS) 0.00
Ending Pool Stated Principal Balance 298,289,484.73
Page 9 of 26
GSAMP Trust 2006-S5
Mortgage Backed Floating Rate Notes
December 26, 2006 Distribution
Delinquency Report
TOTAL 0-30 Days 31-60 Days 61-90 Days 91-120 Days 121-150 151-180 181+ Days TOTAL
DELINQUENT Balance % Balance # Loans % # Loans
12,233,668.81 8,253,153.00 6,367,595.93 7,814,437.35 5,392,079.97 0.00 40,060,935.06
4.1013% 2.7668% 2.1347% 2.6197% 1.8077% 0.0000% 13.4302%
177 115 79 99 67 0 537
3.7500% 2.4364% 1.6737% 2.0975% 1.4195% 0.0000% 11.3771%
FORECLOSURE Balance % Balance # Loans % # Loans
0.00 0.00 0.00 0.00 0.00 129,688.20 0.00 129,688.20
0.0000% 0.0000% 0.0000% 0.0000% 0.0000% 0.0435% 0.0000% 0.0435%
0 0 0 0 0 1 0 1
0.0000% 0.0000% 0.0000% 0.0000% 0.0000% 0.0212% 0.0000% 0.0212%
BANKRUPTCY Balance % Balance # Loans % # Loans
284,653.46 45,902.41 37,519.52 266,431.73 149,191.92 357,029.24 0.00 1,140,728.28
0.0954% 0.0154% 0.0126% 0.0893% 0.0500% 0.1197% 0.0000% 0.3824%
6 1 2 4 4 6 0 23
0.1271% 0.0212% 0.0424% 0.0847% 0.0847% 0.1271% 0.0000% 0.4873%
REO Balance % Balance # Loans % # Loans
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.0000% 0.0000% 0.0000% 0.0000% 0.0000% 0.0000% 0.0000% 0.0000%
0 0 0 0 0 0 0 0
0.0000% 0.0000% 0.0000% 0.0000% 0.0000% 0.0000% 0.0000% 0.0000%
TOTAL Balance % Balance # Loans % # Loans
284,653.46 12,279,571.22 8,290,672.52 6,634,027.66 7,963,629.27 5,878,797.41 0.00 41,331,351.54
0.0954% 4.1167% 2.7794% 2.2240% 2.6698% 1.9708% 0.0000% 13.8561%
6 178 117 83 103 74 0 561
0.1271% 3.7712% 2.4788% 1.7585% 2.1822% 1.5678% 0.0000% 11.8856%
Page 10 of 26
GSAMP Trust 2006-S5
Mortgage Backed Floating Rate Notes
December 26, 2006 Distribution
Page 11 of 26
GSAMP Trust 2006-S5
Mortgage Backed Floating Rate Notes
December 26, 2006 Distribution
REO Report
Loan Number Original Stated Current State & First
& Principal Principal Paid to Note LTV at Original Payment
Loan Group Balance Balance Date Rate Origination Term Date
Page 12 of 26
GSAMP Trust 2006-S5
Mortgage Backed Floating Rate Notes
December 26, 2006 Distribution
Foreclosure Report
Loan Number Original Stated Current State & First
& Principal Principal Paid to Note LTV at Original Payment
Loan Group Balance Balance Date Rate Origination Term Date
Became Foreclosure Property this Period:
6000208908 1 130,000.00 129,688.20 01-May-2006 10.575% NY - 100.00% 360 01-Apr-2006
TOTAL 130,000.00 129,688.20
Page 13 of 26
GSAMP Trust 2006-S5
Mortgage Backed Floating Rate Notes
December 26, 2006 Distribution
Prepayment Report
VOLUNTARY PREPAYMENTS
Total
Current
Number of Paid in Full Loans 98
Number of Repurchased Loans 0
Total Number of Loans Prepaid in Full 98
Curtailments Amount 32,636.14
Paid in Full Balance 6,050,747.34
Repurchased Loans Balance 0.00
Total Prepayment Amount 6,083,383.48
Cumulative
Number of Paid in Full Loans 470
Number of Repurchased Loans 0
Total Number of Loans Prepaid in Full 470
Paid in Full Balance 30,130,012.12
Repurchased Loans Balance 0.00
Curtailments Amount 437,918.83
Total Prepayment Amount 30,567,930.95
Page 14 of 26
GSAMP Trust 2006-S5
Mortgage Backed Floating Rate Notes
December 26, 2006 Distribution
VOLUNTARY PREPAYMENTS RATES
Total
SMM 2.45%
3 Months Avg SMM 2.63%
12 Months Avg SMM 2.51%
Avg SMM Since Cut-off 2.51%
CPR 25.77%
3 Months Avg CPR 27.38%
12 Months Avg CPR 26.32%
Avg CPR Since Cut-off 26.32%
PSA 1,394.01%
3 Months Avg PSA Approximation 1,660.59%
12 Months Avg PSA Approximation 1,698.55%
Avg PSA Since Cut-off Approximation 1,698.55%
Page 15 of 26
GSAMP Trust 2006-S5
Mortgage Backed Floating Rate Notes
December 26, 2006 Distribution
PREPAYMENT CALCULATION METHODOLOGY
Single Monthly Mortality (SMM): (Voluntary partial and full prepayments + Repurchases + Liquidation Balance)/(Beg Principal Balance - Sched Principal)
Conditional Prepayment Rate (CPR): 1-((1-SMM)^12)
PSA Standard Prepayment Model: CPR/(0.02*min(30,WAS))
Average SMM over period between nth month and mth month (AvgSMMn,m): [(1-SMMn)*(1-SMMn+1)*...*(1-SMMm)]^(1/months in period n,m)
Average CPR over period between the nth month and mth month (AvgCPRn,m): 1-((1-AvgSMMn,m)^12)
Average PSA Approximation over period between the nth month and mth month: AvgCPRn,m/(0.02*Avg WASn,m))
Average WASn,m: (min(30,WASn)+min(30,WASn+1)+...+min(30,WASm)/(number of months in the period n,m)
Weighted Average Seasoning (WAS)
Note: Prepayment rates are calculated since deal issue date and include partial and full voluntary prepayments and repurchases.
Dates correspond to distribution dates.
Page 16 of 26
GSAMP Trust 2006-S5
Mortgage Backed Floating Rate Notes
December 26, 2006 Distribution
Prepayment Detail Report
Prepayment Detail Report - Mortgage Loans Prepaid in Full During Current Distribution
Loan Number Original Current State & Type Prepayment First
& Loan Principal Prepayment Prepayment Note LTV at & Payment
Loan Group Status Balance Amount Date Rate Origination Original Term Date
429975 1 37,938.00 37,855.29 30-Nov-2006 11.750% NM - 95.00% Paid Off - 180 01-May-2006
495611 1 63,203.00 63,053.13 13-Dec-2006 12.000% CA - 95.00% Paid Off - 180 01-Apr-2006
508865 1 36,669.00 36,595.32 27-Nov-2006 12.125% CA - 90.00% Paid Off - 180 01-May-2006
511481 1 63,800.00 63,682.00 16-Nov-2006 12.500% CO - 100.00% Paid Off - 180 01-May-2006
512144 1 59,400.00 13,733.62 21-Nov-2006 12.500% CO - 100.00% Paid Off - 180 01-May-2006
3354948 1 43,800.00 43,677.85 20-Nov-2006 10.750% WA - 100.00% Paid Off - 360 01-Jun-2006
10354733 1 57,800.00 57,500.35 20-Nov-2006 10.375% NV - 95.00% Paid Off - 180 01-Jan-2006
10355349 1 29,500.00 29,301.42 16-Nov-2006 8.875% NV - 90.00% Paid Off - 180 01-Feb-2006
10453283 1 27,500.00 27,344.61 20-Nov-2006 9.000% GA - 90.00% Paid Off - 180 01-Feb-2006
10465379 1 17,600.00 17,533.78 11-Dec-2006 10.475% CO - 21.99% Paid Off - 180 01-Apr-2006
10474543 1 100,000.00 99,756.34 17-Nov-2006 11.875% RI - 93.00% Paid Off - 180 01-Apr-2006
10482969 1 30,000.00 29,865.39 28-Nov-2006 9.000% FL - 83.00% Paid Off - 180 01-Apr-2006
10483139 1 26,825.00 26,654.02 17-Nov-2006 8.000% IL - 89.00% Paid Off - 180 01-Apr-2006
1000251668 1 26,760.00 26,713.27 11-Dec-2006 13.375% NM - 100.00% Paid Off - 180 01-Apr-2006
1000293042 1 27,000.00 26,907.39 29-Nov-2006 11.375% FL - 100.00% Paid Off - 360 01-Feb-2006
1000306672 1 39,626.00 39,511.12 20-Nov-2006 11.575% NM - 100.00% Paid Off - 360 01-Apr-2006
1000309941 1 105,000.00 104,678.86 27-Nov-2006 10.825% CA - 100.00% Paid Off - 360 01-Apr-2006
1000312259 1 71,000.00 70,825.69 29-Nov-2006 12.250% CA - 100.00% Paid Off - 360 01-May-2006
1000313781 1 71,840.00 71,537.19 28-Nov-2006 10.500% CA - 100.00% Paid Off - 360 01-May-2006
1005897112 1 50,800.00 50,643.06 12-Dec-2006 11.350% CA - 100.00% Paid Off - 360 01-Mar-2006
1006071966 1 44,400.00 44,278.56 17-Nov-2006 11.400% NY - 100.00% Paid Off - 360 01-Apr-2006
1006195896 1 49,200.00 48,884.23 30-Nov-2006 9.750% WA - 100.00% Paid Off - 360 01-Apr-2006
1006328832 1 89,600.00 89,373.17 17-Nov-2006 11.700% CA - 100.00% Paid Off - 360 01-Apr-2006
1006385146 1 82,500.00 82,272.16 22-Nov-2006 11.300% NJ - 100.00% Paid Off - 360 01-Apr-2006
1006411803 1 85,000.00 84,819.50 20-Nov-2006 12.500% CA - 100.00% Paid Off - 360 01-Apr-2006
1103529861 1 137,500.00 137,121.65 30-Nov-2006 11.990% CA - 95.00% Paid Off - 180 01-Feb-2006
1103535474 1 82,000.00 81,404.60 21-Nov-2006 8.250% NJ - 99.40% Paid Off - 180 01-Jan-2006
1103537158 1 75,000.00 73,594.75 28-Nov-2006 11.450% VA - 100.00% Paid Off - 240 01-Oct-2005
1103537244 1 40,500.00 40,341.44 21-Nov-2006 11.650% IL - 100.00% Paid Off - 180 01-Nov-2005
1103538556 1 48,000.00 47,924.27 30-Nov-2006 14.375% FL - 100.00% Paid Off - 180 01-Mar-2006
1103539640 1 48,000.00 47,922.24 30-Nov-2006 0.000% CA - 95.00% Paid Off - 180 01-Mar-2006
1103542764 1 27,450.00 27,415.32 22-Nov-2006 15.375% UT - 95.00% Paid Off - 180 01-Mar-2006
1103542994 1 77,830.00 77,609.71 30-Nov-2006 11.750% CA - 100.00% Paid Off - 180 01-Mar-2006
1103543233 1 58,350.00 58,252.79 30-Nov-2006 12.250% CA - 95.00% Paid Off - 180 01-Mar-2006
1103544401 1 53,980.00 53,980.00 30-Nov-2006 12.125% CA - 100.00% Paid Off - 180 01-Mar-2006
1103545909 1 26,800.00 26,729.11 30-Nov-2006 11.500% MS - 100.00% Paid Off - 180 01-Apr-2006
1103549401 1 44,250.00 44,125.37 05-Dec-2006 11.250% CA - 95.00% Paid Off - 180 01-Apr-2006
1103552060 1 47,200.00 46,666.14 30-Nov-2006 10.630% FL - 100.00% Paid Off - 240 01-Mar-2006
2503131961 1 33,568.00 33,490.57 08-Dec-2006 12.125% FL - 90.00% Paid Off - 180 01-Apr-2006
2503142649 1 93,000.00 92,846.39 30-Nov-2006 13.625% NJ - 100.00% Paid Off - 180 01-Apr-2006
Page 17 of 26
GSAMP Trust 2006-S5
Mortgage Backed Floating Rate Notes
December 26, 2006 Distribution
Prepayment Detail Report - Mortgage Loans Prepaid in Full During Current Distribution
Loan Number Original Current State & Type Prepayment First
& Loan Principal Prepayment Prepayment Note LTV at & Payment
Loan Group Status Balance Amount Date Rate Origination Original Term Date
2503144800 1 86,950.00 86,916.42 30-Nov-2006 12.125% NV - 94.98% Paid Off - 180 01-Mar-2006
2503144829 1 65,200.00 65,200.00 30-Nov-2006 11.875% NV - 88.76% Paid Off - 180 01-Mar-2006
2503147157 1 34,600.00 34,528.54 05-Dec-2006 12.625% FL - 94.99% Paid Off - 180 01-Apr-2006
2503147841 1 44,800.00 44,714.85 30-Nov-2006 13.000% FL - 100.00% Paid Off - 180 01-Apr-2006
2503149077 1 67,000.00 66,797.24 01-Dec-2006 10.875% WA - 94.99% Paid Off - 180 01-Apr-2006
2503151579 1 108,000.00 107,743.97 30-Nov-2006 12.000% CA - 100.00% Paid Off - 180 01-Apr-2006
2503151739 1 21,600.00 21,579.19 01-Dec-2006 15.375% UT - 95.00% Paid Off - 180 01-May-2006
2503153017 1 85,000.00 84,833.97 30-Nov-2006 12.250% CA - 100.00% Paid Off - 360 01-May-2006
2503153883 1 35,250.00 35,200.44 30-Nov-2006 13.725% FL - 95.00% Paid Off - 360 01-May-2006
3000003014 1 134,000.00 133,577.24 01-Dec-2006 11.250% CA - 100.00% Paid Off - 360 01-Mar-2006
3000003684 1 85,800.00 85,435.53 29-Nov-2006 9.850% NY - 100.00% Paid Off - 360 01-Mar-2006
3000007132 1 172,000.00 171,288.15 01-Dec-2006 9.975% CA - 100.00% Paid Off - 360 01-Mar-2006
3000012275 1 32,510.00 32,430.76 12-Dec-2006 11.875% MD - 100.00% Paid Off - 360 01-Apr-2006
3000025704 1 122,000.00 121,738.32 13-Dec-2006 11.825% MD - 100.00% Paid Off - 360 01-May-2006
3000894780 1 44,800.00 44,752.98 13-Dec-2006 15.000% FL - 95.00% Paid Off - 360 01-May-2006
3000911216 1 48,438.00 47,665.06 22-Nov-2006 15.000% FL - 95.00% Paid Off - 180 01-May-2006
3000922764 1 112,200.00 111,879.56 30-Nov-2006 10.500% UT - 100.00% Paid Off - 360 01-May-2006
4503042721 1 65,000.00 63,575.61 21-Nov-2006 11.500% MD - 100.00% Paid Off - 180 01-Feb-2006
5000191959 1 15,000.00 14,296.48 05-Dec-2006 12.300% WI - 95.00% Paid Off - 120 01-Feb-2006
5000194690 1 39,600.00 39,409.43 06-Dec-2006 9.250% MA - 92.36% Paid Off - 360 01-Mar-2006
5000195716 1 94,000.00 93,619.44 28-Nov-2006 10.600% IL - 100.00% Paid Off - 360 01-Feb-2006
5000197238 1 90,000.00 89,767.74 29-Nov-2006 12.175% NY - 100.00% Paid Off - 360 01-Mar-2006
5000202985 1 35,580.00 35,447.21 27-Nov-2006 10.525% MN - 100.00% Paid Off - 360 01-Apr-2006
5000203846 1 41,063.00 40,930.26 12-Dec-2006 10.575% GA - 100.00% Paid Off - 360 01-Apr-2006
5000204605 1 38,900.00 38,746.33 27-Nov-2006 9.535% IL - 100.00% Paid Off - 360 01-May-2006
6000205144 1 43,000.00 42,873.93 29-Nov-2006 11.025% CT - 100.00% Paid Off - 360 01-Apr-2006
6000206070 1 78,000.00 77,659.86 08-Dec-2006 9.725% FL - 100.00% Paid Off - 360 01-Mar-2006
6000207125 1 39,980.00 39,888.73 29-Nov-2006 12.175% WI - 99.99% Paid Off - 360 01-Apr-2006
6000208584 1 49,200.00 49,055.01 29-Nov-2006 11.000% FL - 100.00% Paid Off - 360 01-Apr-2006
6000209078 1 42,000.00 41,876.94 30-Nov-2006 11.025% NY - 100.00% Paid Off - 360 01-Apr-2006
6000210340 1 35,000.00 34,923.98 07-Dec-2006 12.400% NJ - 100.00% Paid Off - 360 01-Apr-2006
6000211337 1 16,500.00 16,216.75 29-Nov-2006 10.100% VA - 100.00% Paid Off - 180 01-May-2006
6000211580 1 24,000.00 23,605.26 20-Nov-2006 10.575% TN - 100.00% Paid Off - 180 01-Apr-2006
6000211962 1 42,400.00 42,246.77 21-Nov-2006 12.575% FL - 100.00% Paid Off - 360 01-May-2006
6000213052 1 42,000.00 41,870.10 13-Dec-2006 10.775% FL - 100.00% Paid Off - 360 01-Apr-2006
6000213193 1 26,750.00 26,704.54 06-Dec-2006 13.500% FL - 95.00% Paid Off - 360 01-Apr-2006
6000214026 1 94,000.00 93,871.24 13-Dec-2006 11.250% MD - 100.00% Paid Off - 360 01-May-2006
7000181806 1 127,800.00 127,234.13 07-Dec-2006 10.175% CA - 100.00% Paid Off - 360 01-Feb-2006
7000183466 1 52,731.00 52,582.46 20-Nov-2006 11.775% FL - 100.00% Paid Off - 360 01-Mar-2006
7000184238 1 115,000.00 114,676.18 27-Nov-2006 11.775% CA - 100.00% Paid Off - 360 01-Mar-2006
7000185447 1 116,000.00 115,641.38 30-Nov-2006 10.775% NY - 100.00% Paid Off - 360 01-Apr-2006
7000185795 1 59,000.00 56,334.01 27-Nov-2006 10.100% GA - 100.00% Paid Off - 120 01-Mar-2006
Page 18 of 26
GSAMP Trust 2006-S5
Mortgage Backed Floating Rate Notes
December 26, 2006 Distribution
Prepayment Detail Report - Mortgage Loans Prepaid in Full During Current Distribution
Loan Number Original Current State & Type Prepayment First
& Loan Principal Prepayment Prepayment Note LTV at & Payment
Loan Group Status Balance Amount Date Rate Origination Original Term Date
7000186132 1 37,500.00 37,411.38 05-Dec-2006 12.575% NH - 95.00% Paid Off - 360 01-Mar-2006
7000188030 1 13,250.00 12,824.02 17-Nov-2006 13.500% CA - 95.00% Paid Off - 120 01-Apr-2006
7000189033 1 111,000.00 110,616.97 29-Nov-2006 11.500% CA - 100.00% Paid Off - 360 01-Apr-2006
7000189452 1 78,000.00 75,386.89 21-Nov-2006 11.575% NY - 98.73% Paid Off - 360 01-May-2006
7000190273 1 85,000.00 84,848.00 29-Nov-2006 12.650% MD - 100.00% Paid Off - 360 01-May-2006
8000071701 1 87,400.00 87,153.91 05-Dec-2006 11.775% NJ - 100.00% Paid Off - 360 01-Mar-2006
8000075769 1 85,000.00 84,210.34 22-Nov-2006 11.775% NJ - 100.00% Paid Off - 360 01-Mar-2006
8000077590 1 76,000.00 75,794.41 29-Nov-2006 10.755% NY - 100.00% Paid Off - 360 01-May-2006
8000079044 1 53,000.00 52,828.97 21-Nov-2006 10.575% MA - 100.00% Paid Off - 360 01-Apr-2006
8000079081 1 78,000.00 77,820.65 28-Nov-2006 12.425% NJ - 100.00% Paid Off - 360 01-Apr-2006
8000080473 1 36,000.00 35,931.89 22-Nov-2006 12.400% NJ - 100.00% Paid Off - 360 01-May-2006
8000080538 1 72,000.00 71,773.14 27-Nov-2006 10.825% NJ - 100.00% Paid Off - 360 01-May-2006
8000080600 1 112,000.00 111,653.73 06-Dec-2006 10.775% NY - 100.00% Paid Off - 360 01-Apr-2006
8000080981 1 99,910.00 99,615.67 08-Dec-2006 11.000% NY - 100.00% Paid Off - 360 01-Apr-2006
8000081313 1 73,500.00 73,271.76 06-Dec-2006 10.755% NJ - 95.00% Paid Off - 360 01-Apr-2006
8000081448 1 74,000.00 73,847.95 05-Dec-2006 12.650% MA - 100.00% Paid Off - 360 01-Apr-2006
TOTAL 6,124,401.00 6,050,747.34
Page 19 of 26
GSAMP Trust 2006-S5
Mortgage Backed Floating Rate Notes
December 26, 2006 Distribution
Realized Loss Report
COLLATERAL REALIZED LOSSES
Total
Current
Subsequent Recoveries -79,538.05
Number of Loans Liquidated 14
Collateral Principal Realized Loss/(Gain) Amount 1,416,467.27
Collateral Interest Realized Loss/(Gain) Amount 85,304.88
Net Liquidation Proceeds (85,304.88)
Cumulative
Number of Loans Liquidated 14
Collateral Realized Loss/(Gain) Amount 1,502,057.65
Net Liquidation Proceeds 0.00
Cumulative Subsequent Recoveries -79,823.55
Page 20 of 26
GSAMP Trust 2006-S5
Mortgage Backed Floating Rate Notes
December 26, 2006 Distribution
DEFAULT SPEEDS
Total
MDR 0.46%
3 Months Avg MDR 0.15%
12 Months Avg MDR 0.12%
Avg MDR Since Cut-off 0.12%
CDR 5.42%
3 Months Avg CDR 1.84%
12 Months Avg CDR 1.38%
Avg CDR Since Cut-off 1.38%
SDA 29.30%
3 Months Avg SDA Approximation 11.15%
12 Months Avg SDA Approximation 8.92%
Avg SDA Since Cut-off Approximation 8.92%
Loss Severity Approximation for Current Period 100.00%
3 Months Avg Loss Severity Approximation 100.00%
12 Months Avg Loss Severity Approximation 100.00%
Avg Loss Severity Approximation Since Cut-off 100.00%
Page 21 of 26
GSAMP Trust 2006-S5
Mortgage Backed Floating Rate Notes
December 26, 2006 Distribution
COLLATERAL REALIZED LOSS CALCULATION METHODOLOGY
Monthly Default Rate (MDR): (Beg Principal Balance of Liquidated Loans)/(Total Beg Principal Balance)
Conditional Default Rate (CDR): 1-((1-MDR)^12)
SDA Standard Default Assumption: CDR/IF(WAS<61,MIN(30,WAS)*0.02,MAX(0.03,MIN(30,WAS)*0.02-0.0095*(WAS-60)))
Average MDR over period between nth month and mth month (AvgMDRn,m): [(1-MDRn)*(1-MDRn+1)*...*(1-MDRm)]^(1/months in period n,m)
Average CDR over period between the nth month and mth month (AvgCDRn,m): 1-((1-AvgMDRn,m)^12)
Average SDA Approximation over period between the nth month and mth month:
AvgCDRn,m/IF(Avg WASn,m<61,MIN(30,Avg WASn,m)*0.02,MAX(0.03,MIN(30,Avg WASn,m)*0.02-0.0095*(Avg WASn,m-60)))
Average WASn,m: (WASn + WASn+1 +...+ WASm )/(number of months in the period n,m)
Loss Severity Approximation for current period: sum(Realized Loss Amount)/sum(Beg Principal Balance of Liquidated Loans)
Average Loss Severity Approximation over period between nth month and mth month: Weighted Avg(Loss Severityn,m)
Note: Default rates are calculated since deal issue date and include realized gains and additional realized losses and gains from prior periods.
Dates correspond to distribution dates.
Page 22 of 26
GSAMP Trust 2006-S5
Mortgage Backed Floating Rate Notes
December 26, 2006 Distribution
Realized Loss Detail Report
Loan Number Current State & Prior Realized Cumulative
& Loan Note LTV at Original Principal Loss/(Gain) Realized Realized
Loan Group Status Rate Origination Term Balance Revision Loss/(Gain) Loss/(Gain)
1000305870 1
12.000% CA - 100.00% 360 87,127.63 94,714.90 94,714.90
1000312883 1 9.850% CA - 95.00% 360 44,296.93 45,692.18 45,692.18
1000314076 1 10.575% CA - 100.00% 360 188,141.35 201,710.98 201,710.98
3000010499 1 0.000% CA - 100.00% 360 81,880.33 86,158.96 86,158.96
5000188884 1 0.000% NY - 100.00% 360 109,570.87 114,816.68 114,816.68
5000198203 1 0.000% IL - 100.00% 360 51,899.53 54,586.04 54,586.04
5000201975 1 0.000% IL - 100.00% 360 124,775.52 130,311.71 130,311.71
6000206837 1 0.000% FL - 95.00% 120 27,282.41 29,335.82 29,335.82
6000211287 1 0.000% DC - 100.00% 360 91,819.67 95,777.41 95,777.41
7000187072 1 12.025% CA - 100.00% 360 149,782.25 162,030.80 162,030.80
7000190447 1 11.000% CA - 100.00% 360 149,783.08 161,099.68 161,099.68
8000078570 1 0.000% NY - 100.00% 360 110,417.84 115,570.41 115,570.41
8000080302 1 0.000% NY - 100.00% 360 99,818.39 104,649.35 104,649.35
8000080622 1 0.000% NY - 100.00% 360 99,871.47 105,317.23 105,317.23
TOTAL 1,416,467.27 1,501,772.15 1,501,772.15
Page 23 of 26
GSAMP Trust 2006-S5
Mortgage Backed Floating Rate Notes
December 26, 2006 Distribution
Triggers and Adj. Cert. Report
TRIGGER EVENTS
Total
Stepdown Date Occurred? No
Credit Enhancement Percentage (For Stepdown Date) 34.2832%
Applicable % (On and After Stepdown Date) 68.3000%
Trigger Event In Effect? Yes
Rolling 3-Mon. Delinquency Percentage 8.2167%
Prior Credit Enhancement Percentage 33.5105%
Applicable % 11.7100%
Applicable % of prior Credit Enhancement Percentage 3.9241%
Aggregate Amount of Realized Losses 1,502,057.65
Stated Principal Balance as of Cutoff Date 330,816,621.93
Realized Loss Percentage 0.45404540%
Servicer Delinquency Trigger Event in Effect? Yes
Servicer Cumulative Loss Trigger Event in Effect? No
ADJUSTABLE RATE CERTIFICATE INFORMATION
SPACE INTENTIONALLY LEFT BLANK
ADDITIONAL INFORMATION
Total
Net Monthly Excess Cashflow 0.00
Net Monthly Excess Cashflow Alloc to Losses 0.00
Net Monthly Excess Cashflow Alloc to Unpaid Int 0.00
Basis Risk CarryForward Amount Paid 0.00
Basis Risk CarryForward Amount Unpaid 0.00
LIBOR For Current Period 5.32000%
LIBOR Rate Determination Date 11/23/2006
LIBOR For Next Period 5.35000%
Next LIBOR Rate Determination Date 12/21/2006
Page 24 of 26
GSAMP Trust 2006-S5
Mortgage Backed Floating Rate Notes
December 26, 2006 Distribution
Additional Certificate Report
ADDITIONAL CERTIFICATE REPORT
Next Pass Through Rate Basis Risk CarryFwd Unpaid Interest CarryFwd Due Basis Risk CarryFwd Paid Interest CarryFwd Paid
CLASS
REMIC-1 5.4400% $0.00 $0.00 $0.00 $0.00
R-1 5.6580% $0.00 $0.00 $0.00 $0.00
M-1 5.7000% $0.00 $0.00 $0.00 $0.00
M-2 5.7300% $0.00 $0.00 $0.00 $0.00
M-3 5.9500% $0.00 $0.00 $0.00 $0.00
M-4 6.0200% $0.00 $0.00 $0.00 $0.00
M-5 7.4880% $0.00 $0.00 $0.00 $0.00
M-6 7.5000% $0.00 $0.00 $0.00 $0.00
M-7 7.8500% $0.00 $0.00 $0.00 $0.00
B-1 7.0000% $0.00 $0.00 $0.00 $0.00
B-2 7.0000% $0.00 $0.00 $0.00 $0.00
X 0.0000% $0.00 $0.00 $0.00 $0.00
X-1 0.0000% $0.00 $0.00 $0.00 $0.00
P 0.0000% $0.00 $0.00 $0.00 $0.00
R 0.0000% $0.00 $0.00 $0.00 $0.00
Page 25 of 26
GSAMP Trust 2006-S5
Mortgage Backed Floating Rate Notes
December 26, 2006 Distribution
Other Related Information
ADDITIONAL INFORMATION
Total
Current Scheduled Payments 2,884,176.34
Current Scheduled Payments 1 Month Prior 2,894,231.44
Current Scheduled Payments 2 Month Prior 3,236,106.92
Current Scheduled Payments 3 Month Prior 3,095,888.72
Current Scheduled Payments 4 Month Prior 0.00
Current Scheduled Payments 5 Month Prior 0.00
Current Scheduled Payments 6 Month Prior 0.00
Current Scheduled Payments 7 Month Prior 0.00
Current Scheduled Payments 8 Month Prior 0.00
Current Scheduled Payments 9 Month Prior 0.00
Current Scheduled Payments 10 Month Prior 0.00
Current Scheduled Payments 11 Month Prior 0.00
Delinquent 60+ Scheduled Payments 170,955.59
Delinq. 60+ Sched. Pmnts, 1 Month Prior 39,613.89
Delinq. 60+ Sched. Pmnts, 2 Month Prior 190,694.91
Delinq. 60+ Sched. Pmnts, 3 Month Prior 4,470.89
Delinq. 60+ Sched. Pmnts, 4 Month Prior 0.00
Delinq. 60+ Sched. Pmnts, 5 Month Prior 0.00
Delinq. 60+ Sched. Pmnts, 6 Month Prior 0.00
Delinq. 60+ Sched. Pmnts, 7 Month Prior 0.00
Delinq. 60+ Sched. Pmnts, 8 Month Prior 0.00
Delinq. 60+ Sched. Pmnts, 9 Month Prior 0.00
Delinq. 60+ Sched. Pmnts, 10 Month Prior 0.00
Delinq. 60+ Sched. Pmnts, 11 Month Prior 0.00
Page 26 of 26